NVDA Options History — December 2018

In December 2018, NVDA traded between $3.21 and $4.26. ATM implied volatility averaged 54.5%, placing in the 47.1% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded below realized volatility by 22.9% (HV 20d: 77.4%). Max pain ranged from $4.25 to $4.88. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.16.

Notable Days

2018-12-12: Highest Volume — 11,082,040 contracts
2018-12-04: Largest IV spike — 19.6% change
2018-12-24: Highest IV Rank — 61.3%
2018-12-24: Largest Expected Move — 19.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.61	$3.21	$4.26	$4.26	$3.33
Max Pain	$4.58	$4.25	$4.88	$4.63	$4.25
ATM IV	54.5%	41.6%	63.5%	41.6%	53.5%
Expected Move	16.2%	12.8%	19.0%	12.8%	16.3%
HV 20d	77.4%	51.8%	101.1%	98.0%	51.8%
HV 60d	75.6%	73.6%	77.1%	73.6%	76.2%
IV Rank	47.1%	26.8%	61.3%	26.8%	45.5%
IV Percentile	87.5%	63.1%	94.8%	63.1%	86.1%
Term Structure	-0.3%	-2.2%	1.3%	1.1%	-0.1%
VWIV	56.0%	45.5%	66.7%	45.5%	56.4%
Skew 25d	7.6%	3.3%	10.2%	3.3%	8.2%
Skew 10d	13.3%	5.0%	19.1%	5.0%	14.2%
Call IV 25d	51.0%	40.7%	58.5%	40.7%	49.4%
Put IV 25d	58.6%	44.0%	68.7%	44.0%	57.6%
Bid-Ask Spread %	3.94	2.12	5.98	2.96	2.12
Gamma HHI	0.05	0.04	0.14	0.04	0.04
Net GEX	-29.4M	-59.9M	-1.3M	-1.3M	-18.1M
Net DEX	3.57B	2.14B	4.53B	2.14B	3.28B
Net VEX	-16.2M	-22.0M	-12.4M	-22.0M	-12.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.16	0.58	2.25	0.66	0.58
Total Volume	6,371,956	3,128,080	11,082,040	7,542,720	3,142,080
Total OI	46,608,702	42,034,000	50,085,440	45,606,360	42,058,400

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-12-03	$4.26	$4.63	41.6%	12.8%	98.0%	26.8%	45.5%	3.3%	1.1%	-1.3M	2.14B	-22.0M	0.66	2.96	N/A	N/A	4,553,000	2,989,720	23,576,120	22,030,240
2018-12-04	$3.92	$4.63	49.8%	16.1%	101.1%	39.7%	55.7%	5.9%	0.9%	-22.5M	3.38B	-19.6M	1.47	3.70	N/A	N/A	4,039,600	5,946,080	24,273,800	22,524,720
2018-12-05	$3.93	$4.63	50.4%	16.3%	101.1%	40.6%	56.8%	5.7%	0.6%	-22.5M	3.39B	-19.4M	1.46	5.17	N/A	N/A	4,208,800	6,149,520	24,273,800	22,524,720
2018-12-06	$3.95	$4.88	50.4%	14.6%	100.9%	40.5%	51.8%	6.2%	1.1%	-21.8M	3.26B	-20.0M	1.03	4.75	N/A	N/A	2,808,120	2,882,520	24,789,320	22,798,120
2018-12-07	$3.76	$4.88	54.2%	15.6%	101.1%	46.5%	53.6%	6.5%	0.5%	-42.2M	3.83B	-18.5M	0.81	5.25	N/A	N/A	1,852,240	1,504,920	25,223,040	23,146,520
2018-12-10	$3.79	$4.88	54.2%	15.8%	101.0%	46.6%	55.1%	7.9%	0.6%	-27.6M	3.51B	-18.4M	0.97	3.94	N/A	N/A	2,682,640	2,615,480	24,221,800	22,214,720
2018-12-11	$3.72	$4.88	53.2%	15.4%	98.0%	45.0%	54.0%	7.4%	0.4%	-32.5M	3.71B	-17.5M	0.80	4.19	N/A	N/A	2,998,400	2,405,440	24,638,560	22,588,920
2018-12-12	$3.74	$4.75	50.9%	14.8%	95.9%	41.4%	49.9%	6.8%	0.7%	-30.1M	3.61B	-17.5M	2.25	4.26	N/A	N/A	3,405,600	7,676,440	25,175,640	22,775,680
2018-12-13	$3.72	$4.63	49.7%	14.3%	95.9%	39.4%	48.9%	6.3%	0.3%	-34.8M	3.58B	-17.3M	1.48	2.94	N/A	N/A	2,594,680	3,831,640	25,786,840	23,085,440
2018-12-14	$3.66	$4.63	51.0%	14.9%	95.3%	41.6%	50.8%	7.1%	1.3%	-59.9M	3.82B	-16.5M	1.10	3.79	N/A	N/A	2,449,720	2,689,000	26,193,160	23,248,000
2018-12-17	$3.56	$4.63	55.5%	15.9%	64.8%	48.7%	53.7%	7.7%	-2.1%	-38.4M	3.87B	-15.3M	0.95	3.86	N/A	N/A	2,171,560	2,070,720	24,595,680	21,976,880
2018-12-18	$3.70	$4.50	52.6%	15.1%	52.8%	44.1%	52.7%	8.0%	-0.6%	-29.0M	3.38B	-17.0M	0.93	3.15	N/A	N/A	2,380,480	2,205,000	25,576,400	22,552,720
2018-12-19	$3.44	$4.50	56.3%	16.1%	57.9%	49.8%	54.2%	8.0%	-1.4%	-43.8M	4.19B	-14.6M	2.00	4.69	N/A	N/A	2,862,280	5,728,400	26,017,760	22,822,320
2018-12-20	$3.38	$4.50	58.7%	16.9%	56.9%	53.6%	60.0%	8.7%	-1.9%	-45.2M	4.25B	-14.2M	1.23	4.84	N/A	N/A	2,952,080	3,623,400	26,589,040	22,892,000
2018-12-21	$3.23	$4.50	62.1%	18.0%	58.7%	59.0%	63.5%	9.9%	-2.2%	-49.8M	4.53B	-12.9M	1.36	5.98	N/A	N/A	3,154,320	4,303,760	26,989,800	23,095,640
2018-12-24	$3.21	$4.50	63.5%	19.0%	54.3%	61.3%	66.7%	10.2%	-1.7%	-26.1M	3.71B	-12.5M	1.47	3.22	N/A	N/A	1,268,960	1,859,120	22,023,040	20,010,960
2018-12-26	$3.29	$4.38	62.5%	18.7%	55.6%	59.6%	64.5%	9.9%	-1.2%	-24.1M	3.46B	-13.0M	0.93	3.00	N/A	N/A	3,632,240	3,394,600	22,358,520	19,971,400
2018-12-27	$3.27	$4.25	61.7%	18.8%	53.1%	58.4%	65.8%	9.4%	-1.3%	-14.3M	3.30B	-12.9M	0.94	3.94	N/A	N/A	2,591,280	2,437,840	23,348,160	20,064,440
2018-12-28	$3.33	$4.25	58.3%	17.6%	54.1%	53.1%	61.3%	9.0%	-2.0%	-3.1M	3.14B	-13.3M	0.81	3.05	N/A	N/A	4,078,160	3,299,280	23,750,560	20,391,160
2018-12-31	$3.33	$4.25	53.5%	16.3%	51.8%	45.5%	56.4%	8.2%	-0.1%	-18.1M	3.28B	-12.4M	0.58	2.12	N/A	N/A	1,993,200	1,148,880	22,271,560	19,786,840